Common use of Notice of Exercise; Payment Clause in Contracts

Notice of Exercise; Payment. To the extent then exercisable, the Option may be exercised by written notice to the Company stating the number of Optioned Shares for which the Option is being exercised and the intended manner of payment. The date of such notice shall be the exercise date. Payment equal to the aggregate Option Price of the Optioned Shares being exercised shall be tendered in full with the notice of exercise to the Company either (i) in cash in the form of currency or check or other cash equivalent acceptable to the Company, (ii) by the tender to the Company of shares of Common Stock owned by the Optionee and registered in the name of the Optionee having an aggregate fair market value on the date of exercise equal to the total Option Price, such fair market value to be determined based on the Market Value per Share on the date of exercise, (iii) by delivery of irrevocable instructions to a financial institution or broker to deliver promptly to the Company sale or loan proceeds with respect to the shares sufficient to pay the total Option Price, (iv) through the written election of the Optionee to have shares of Common Stock withheld by the Company from the shares otherwise to be received, with such withheld shares having an aggregate fair market value on the date of exercise equal to the total Option Price of the shares being purchased, or (v) by any combination of the payment methods specified in clauses (i) through (iv) hereof. Within ten (10) days thereafter, the Company shall direct the due issuance of the Optioned Shares so purchased.

Notice of Exercise; Payment. To the extent then exercisable, the Option may be exercised by written notice to the Company stating the number of Optioned Shares for which the Option is being exercised and the intended manner of payment. The date of such notice shall be the exercise date. Payment equal to the aggregate Option Price of the Optioned Shares being exercised shall be tendered in full with the notice of exercise to the Company either (i) in cash in the form of currency or by check or other cash equivalent acceptable to the Company, (ii) by the tender to the Company of shares of Common Stock owned by the Optionee for at least 6 months and registered in the name of the Optionee having an aggregate fair market value on the date of exercise equal to the total Option Price, such fair market value to be determined based on the Market Value per Share on the date of exercise, (iii) by delivery of irrevocable instructions to a financial institution or broker to deliver promptly to the Company sale or loan proceeds with respect to the shares sufficient to pay the total Option Price, or (iv) through the written election of the Optionee to have shares of Common Stock withheld by the Company from the shares otherwise to be received, with such withheld shares having an aggregate fair market value on the date of exercise equal to the total Option Price of the shares being purchased, or (v) by any combination of the payment methods specified in clauses (i) through (iviii) hereof. Within ten (10) days thereafter, the Company shall direct the due issuance of the Optioned Shares so purchased.

Notice of Exercise; Payment. To the extent then exercisable, the Option may be exercised by written notice to the Company stating the number of Optioned Shares for which the Option is being exercised and the intended manner of payment. The date of such notice shall be the exercise date. Payment equal to the aggregate Option Price of the Optioned Shares being exercised shall be tendered in full with the notice of exercise to the Company either (i) in cash in the form of currency or by check or other cash equivalent acceptable to the Company, (ii) by the tender to the Company of shares of Common Stock owned by the Optionee for at least 6 months and registered in the name of the Optionee having an aggregate fair market value on the date of exercise equal to the total Option Price, such fair market value to be determined based on the Market Value per Share on the date of exercise, (iii) by delivery of irrevocable instructions to a financial institution or broker to deliver promptly to the Company sale or loan proceeds with respect to the shares sufficient to pay the total Option Price, or (iv) through the written election of the Optionee to have shares of Common Stock withheld by the Company from the shares otherwise to be received, with such withheld shares having an aggregate fair market value on the date of exercise equal to the total Option Price of the shares being purchased, or (v) by any combination of the payment methods specified in clauses (i) through (iviii) hereof. Within ten (10) days thereafter, the Company shall direct the due issuance of the Optioned Shares so purchased.

Notice of Exercise; Payment. To the extent then exercisable, the Option may be exercised by written notice to the Company stating the number of Optioned Shares for which the Option is being exercised and the intended manner of payment. The date of such notice shall be the exercise date. Payment equal to the aggregate Option Price of the Optioned Shares being exercised shall be tendered in full with the notice of exercise to the Company either (i) in cash in the form of currency or by check or other cash equivalent acceptable to the Company, (ii) by the tender to the Company of shares of Common Stock owned by the Optionee for at least 6 months and registered in the name of the Optionee having an aggregate fair market value on the date of exercise equal to the total Option Price, such fair market value to be determined based on the Market Value per Share on the date of exercise, (iii) by delivery of irrevocable instructions to a financial institution or broker to deliver promptly to the Company sale or loan proceeds with respect to the shares sufficient to pay the total Option Price, (iv) through the written election of the Optionee to have shares of Common Stock withheld by the Company from the shares otherwise to be received, with such withheld shares having an aggregate fair market value on the date of exercise equal to the total Option Price of the shares being purchased, or (v) by any combination of the payment methods specified in clauses (i) through [(iv) )] hereof. Within ten (10) days thereafter, the Company shall direct the due issuance of the Optioned Shares so purchased.

Notice of Exercise; Payment. To the extent then exercisable, the Option may be exercised by written notice to the Company stating the number of Optioned Option Shares for which the Option is being exercised and the intended manner of payment. The date of such notice shall be the exercise date. Payment equal to the aggregate Option Price of the Optioned Option Shares being exercised shall be tendered in full with the notice of exercise to the Company either (i) in cash in the form of currency or by check or other cash equivalent acceptable to the Company, (ii) by the tender to the Company of shares of Common Stock owned by the Optionee for at least six months and registered in the name of the Optionee having an aggregate fair market value on the date of exercise equal to the total Option Price, such fair market value to be determined based on the Market Value market value per Share on the date of exercise, (iii) by delivery of irrevocable instructions to a financial institution or broker to deliver promptly to the Company sale or loan proceeds with respect to the shares sufficient to pay the total Option Price, or (iv) through the written election of the Optionee to have shares of Common Stock withheld by the Company from the shares otherwise to be received, with such withheld shares having an aggregate fair market value on the date of exercise equal to the total Option Price of the shares being purchased, or (v) by any combination of the payment methods specified in clauses (i) through (iviii) hereof. Within ten (10) days thereafter, the Company shall direct the due issuance of the Optioned Option Shares so purchased.